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NXT Energy Solutn J (TSE:SFD)
TSX:SFD
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: 15.00%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected both positive developments, such as revenue generation from the Turkish SFD Survey and strategic alliances, as well as challenges including ongoing net losses, negative working capital, and lower than expected margins. Improvements in G&A expenses and working capital suggest cost management is improving, but there are concerns regarding the company's public image and ability to capture growth opportunities. The sentiment leans towards balanced given the mix of progress and challenges.Company Guidance
During the NXT Energy Solutions Q4 2023 earnings call, the company provided several key financial metrics and forward-looking statements. Revenue from the Turkish SFD survey was approximately $2.15 million for work completed by December 31, 2023, while cash stood at $0.4 million and net working capital was a negative $1.86 million, improving from a negative $3.47 million in the previous quarter. NXT recorded a net loss of approximately $0.43 million, or $0.01 per share, with 78 million weighted average common shares outstanding, a slight improvement from the previous year's loss of $1.47 million. General and administrative expenses decreased by 5% in the quarter compared to 2022. The company also highlighted its strategic initiatives for 2024, including a focus on diversifying its client base and geographic reach, improving cost efficiency, and enhancing shareholder value through increased revenues.Turkish SFD Survey Revenue
Recorded SFD-related revenues of approximately $2.15 million for work completed up to December 31, 2023.
Improvement in Net Working Capital
Net working capital improved to negative $1.86 million from approximately negative $3.47 million at September 30, 2023.
Strategic Partnership and Awards
Announced a strategic alliance with Synergy E&P Technologies Ltd. and was a finalist for Best Exploration Technology at the World Oil 2023 Gulf Energy Excellence Awards.
Reduced G&A Expenses
G&A expenses decreased by $316,000 or 8% in 2023 compared to 2022 due to reductions in salaries, professional fees, and business development costs.
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TSE:SFD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:SFD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$0.20 | C$0.18 | -10.00% |
| Aug 14, 2024 | C$0.20 | C$0.22 | +10.00% |
| May 14, 2024 | C$0.12 | C$0.14 | +16.67% |
| Mar 27, 2024 | C$0.18 | C$0.18 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NXT Energy Solutn J (TSE:SFD) report earnings?
NXT Energy Solutn J (TSE:SFD) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is NXT Energy Solutn J (TSE:SFD) earnings time?
NXT Energy Solutn J (TSE:SFD) earnings time is at Mar 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SFD EPS forecast?
Currently, no data Available
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